A strange day in the markets is dissected by the BDC Reporter. In terms of news, Ares Capital issued new shares to its underwriters and Stellus Capital declared IQ 2022 distributions.
BDC sector prizes were headed up through Wednesday before making a U-turn. The BDC Reporter reviews various metrics, discusses a new debt offering from Hercules Capital and closes with a sanguine outlook.
The markets – and the BDC sector – suddenly drop sharply. We also discuss Saratoga Investment’s latest unsecured note offering – instructive in many ways.
Now that Ares Capital has issued and priced its latest share offering we can crunch the numbers from a variety of perspectives.
The BDC rally rolls on, breaking new records. In major news, the leading BDC is selling new stock and a venture debt BDC provides a preview of some key data.
Yet another BDC taps the unsecured debt market at a favorable rate. We review the latest development and analyze the impact on SLR Investment Corp’s borrowing costs.
BDC sector prices break out to a new 52 week high as a rally gains steam. Plus, two BDCs announce distributions and two others divulge new investments and a troubled company gets acquired.
Both the major indices and the BDC sector disappointed on Monday. However, there was plenty of news including two BDCs reporting activity levels, a closed half billion dollar unsecured note offering and two credit updates.
The first week of 2022 was a record breaking one for the BDC sector. We discuss the new price highs and much more and bring out the crystal ball for the weeks and months ahead.
BDC sector prices increased even as most of the major indices faltered. Also, we highlight some interesting conversations and data generated by Saratoga; note Ares Capital’s latest trip to the capital markets and Capital Southwest’s most recent portfolio investment in what was a busy day.
After reading Saratoga Investment’s latest earnings release, 10-Q, Investor Presentation and listening to its conference call, the BDC Reporter discusses the BDC’s short and long term outlook in great detail.
All the markets dropped sharply on Wednesday, including the BDC sector. There was also plenty of news including a departing director; a new portfolio company and an unchanged distribution, not to mention Saratoga’s latest results.
BDC sector prices rose sharply on day two of 2022. One BDC announced a new investment but few details and another amended – in its favor – 4 debt facilities.
First day back and the markets moved up strongly but the BDC sector less so. Also, plenty of new financing activity happening at three BDCs.
Cion Investment receives permission to leverage up its balance sheet. We analyze what that might mean for future earnings and what’s standing in the way.
SLR Investment Corp amends one of its revolvers, slightly reducing its borrowing cost. However, further savings of a more substantial nature are in the cards for 2022.
In December, BDC Fixed Income prices rose even as the number of public issues dropped. We review the latest data and how this segment of the debt market has evolved since 2012 and what is likely to lie ahead.
In the final two weeks of the year, the BDC sector closed strongly, near its highest levels. We review both the latest data and the full year metrics and take a stab at a 2022 forecast.
The major indices slumped just before the close but the BDC sector stood steady. The BDC Reporter kept busy with the review of a new financing facility for a large cap BDC and further credit updates. Plus, we updated the BDC Fixed Income Table.
The Santa Rally rolled on but the BDC sector was left behind again. There was no news but the BDC Reporter undertook interesting research into a small-cap BDC’s portfolio.